SOC 1
Report on Controls at a Service Organization Relevant to User Entities’ Internal Control over Financial Reporting.
MedReceivables has obtained a SOC 1 report. This report, prepared in accordance with Statement on Standards for Attestation Engagements No. 16, Reporting on Controls at a Service Organization, are specifically intended to meet the needs of the managements of user entities and the user entities’ auditors, as they evaluate the effect of the controls at the service organization on the user entities’ financial statement assertions. SOC 1 reports are important components of user entities’ evaluation of their internal controls over financial reporting for purposes of complying with laws and regulations such as the Sarbanes-Oxley Act and the user entities’ auditors as they plan and perform audits of the user entities’ financial statements.
